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• - Book Chapters
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Political Economy, Stages of Capitalism, and Social Structures of Accumulation

This page covers Terry's work in political economy. Among other things, he was interested in the Marxian theory of capitalist stages and periodizing history in general. Much of this work involved developing the Social Structure of Accumulation framework.

This page contains relevant extracts from the CV page.

Publications

Books:

Handbook on Social Structure of Accumulation Theory. Edited with Cian McMahon and David Kotz. Northampton, MA: Edward Elgar, 2021.
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Social Structure of Accumulation Theory, Volume 1. Edited with David M. Kotz and Michael Reich. Northampton, MA: Edward Elgar, 2014.
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Social Structure of Accumulation Theory, Volume 2. Edited with David M. Kotz and Michael Reich. Northampton, MA: Edward Elgar, 2014.
Second volume in two-volume set.

Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty-First Century [Chinese translation]. Edited with David M. Kotz and Michael Reich. Cambridge: Cambridge University Press and China Social Sciences Press, 2014.

Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty-First Century. Edited with David M. Kotz and Michael Reich. Cambridge: Cambridge University Press, 2010.
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Social Structures of Accumulation: The Political Economy of Growth and Crisis, edited with Michael Reich and David Kotz. Cambridge University Press, 1994.
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Growth and Crisis: Social Structure of Accumulation Theory and Analysis. CISC, 2006. Edited with Michael Reich, David M. Kotz and Maria Alejandra Gonzalez-Perez.
E-book details available online at ssagalway.blogspot.com.
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Refereed Journal Articles

• "Reading Capital in the Twenty-First Century: Thomas Piketty and Political Economy", Revue de la régulation. Capitalisme, institutions, pouvoirs, 26 (2019), with David Kotz and Cian McMcMahon.
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• "Marxism, Crypto-Marxism and the Political Economy of Capitalism", Review of Political Economy, Volume 30, Issue 3, 2018, with Cian McMcMahon.
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• "Economic Causes and Consequences of the Celtic Tiger Crash", boundary 2: an international journal of literature and culture, (2018) 45 (1): 7-30.
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• "Innovation and Development of Social Structure of Accumulation (SSA) Theory: A Discussion with Lü Shoujun", Social Sciences in China, 07/2017; 38(3):127-135, with Ma Yan and David M. Kotz.
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• "Bourgeois Ideology and Mathematical Economics – A Reply to Tony Lawson", Economic Thought, Volume 6, No.1, 2017, with Brian O'Boyle.
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• "Critical Realism and the Althusserian Legacy", Journal for the Theory of Social Behaviour, Volume 46, Issue 2, June 2016, pp. 143–164, with Brian O'Boyle.
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• "The evolving model of capitalism in Ireland: An insight into enterprise development and policy", Economic and Industrial Democracy, Volume 37, no. 2, May 2016, pp. 319-344, with Bernadette Andreosso-O'Callaghan and Helena Lenihan.
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• "Stages in Capitalist History: A Marxian Response to Hartmut Elsenhans", Erwagen Wissen Ethik, 25, 2014, Issue 4.
• "Irish lessons for Chinese SOEs" (in Chinese), Study on Marxism of Chinese Academy of Social Science (CASS), 2014.
• "Global Ecological Change and Social Structure of Accumulation Theory" (in Chinese), Academic Monthly, Vol.46 (07), 2014 (07), pp.30-34, with Zhang Qinyue.
• "Integrating Heterodox Economics into the Orthodox Intro Course", International Journal of Pluralism and Economics Education, Vol. 3, No. 4, 2012, pp.437-449.
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• "US auto companies' ownership and control of production in Mexico's 'maquiladoras'", Cambridge Journal of Regions, Economy, and Society, Vol. 5, Issue 3, November, 2012, pp. 413-434, with Fidelma Murphy.
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• "Social Structures of Accumulation: A 'Punctuated' View of Embeddedness", American Journal of Economics and Sociology, Vol. 70, No. 5, November, 2011 pp. 1234 - 1247.
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• "Critical Realism, Marxism and the Critique of Neoclassical Economics", Capital and Class, Vol. 35, No.1, February, 2011 pp. 3 - 173, with Brian O'Boyle.
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• "The Irish Crash in Global Context", World Review of Political Economy, Vol 1, No.3, 2010, pp. 442-462.
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• "Thatcherism delayed? The Irish crisis and the paradox of social partnership", Industrial Relations Journal 41:6, 544–562, with Tony Dundon.
  View pdf online >
• "Social Structures of Accumulation: The State of the Art", Review of Radical Political Economics, Vol. 40 (2), 2008.
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• "The Marxian Theory of Capitalist Stages", Research in Political Economy, Vol. 24, 2007.
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• "Social Structures of Accumulation, the Regulation Approach, and the European Union", Competition and Change, Vol. 10, No. 2, June, 2006, with Emlyn Nardone.
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• "The Marxist Theory of Capitalist Stages", Economics Study of Shanghai School, Shanghai: Shanghai University of Finance and Economics Publishing House, Vol.15. 2006. (in Chinese)
• "Of Rats and Economists", Journal of the History of Economic Thought, Vol. 25, No.4, December, 2003.
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• "What Does Long Wave Theory Have to Contribute to the on Debate Globalization?", Review of Radical Political Economics, Vol.35, No.3, 2003.
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• "Gordon's Accumulation Theory: The Highest Stage of Stadial Theory", Review of Radical Political Economics, Vol.31, No.4, Fall 1999.
  Available online >
• "Lenin, Imperialism, and Stages of Capitalist Development", Science and Society, Vol.59, No.3, Fall, 1995.
  Available online >
• "Crises of Capitalism and the First Crisis of Marxism: A Theoretical Note on the Bernstein-Kautsky Debate", Review of Radical Political Economics, Vol. 21, No. 3, with Robert Drago.
  Available online >
• "The Resolution of Crisis in American History: Social Structures of Accumulation and Stages of Capitalism", Research in Political Economy, Vol. 13, 1990.
• "The Marxist Long Wave: A Theoretical Assessment", Research and Society, Vol. 1, No.1, 1988.
• "Capitalist Shopfloor Initiatives, Restructuring and Organizing in the 80's", Review of Radical Political Economics, Vol. 16, No. 4, 1984, with Robert Drago.

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Book Chapters

• "Stages of Capitalism and Social Structures of Accumulation: A Long View", in Oxford Handbook of Karl Marx. Ed. Matt Vidal, Tony Smith, Tomas Rotta, and Paul Prew, Oxford University Press, 2019.
• "Social Structure of Accumulation Theory", in Handbook of Marxist Economics. Ed. Eric Olsen, David Brennan, David Kristjanson-Gural, and Cathy Mulder, Routledge: New York, 2017.
• "The State of Nature and Natural States – ideology and formalism in the critique of neoclassical economics", in What is Neoclassical Economics? Debating the origins, meaning and significance, with Brian O'Boyle. Ed. Jamie Morgan, Routledge, Routledge: New York, 2015.
• "Social Structures of Accumulation: A Marxist Comparison of Capitalisms?", in New Directions in Critical Comparative Capitalisms. Ed. Matthias Ebenau and Ian Bruff. Palgrave Macmillan: Basingstoke, 2015.
• "Comparative Capitalisms and the Theory of Capitalist Stages", in The Future of Capitalism After the Financial Crisis: The Varieties of Capitalism Debate in the Age of Austerity. Ed. Richard Westra. Routledge: New York, 2015.
• "Capitalism", in Degrowth: A Vocabulary for a New Era, with Diego Andreucci. Ed.G.D'Alisa, F. Demaria, G. Kallis. Routledge: New York, 2014
• "Introduction", in Social Structure of Accumulation Theory, Vol.1, with David M. Kotz and Michael Reich. Edited with David M. Kotz and Michael Reich. Northampton, MA: Edward Elgar, 2014.
• "Epistemological Problems and Ontological Solutions: A Critical Realist Retrospective on Althusser", with Brian O'Boyle, in Research in Political Economy, 2014, ed. Paul Zarembka. Emerald Publishing Ltd.
• "Soziale Strukturen der Akkumulation: Zur Aktualität marxistischer Stadienanalysen des Kapitalismus für die Vergleichende Kapitalismusforschung", in Vergleichende Kapitalismusforschung: Stand, Perspektiven, Kritik, with David M. Kotz and Michael Reich. Ed. Ian Bruff, Matthias Ebenau, Christian May, and Andreas Nölke. Munster: Verlag Westfälisches Dampfboot, 2013.
• "Bien plus que des bananes: les réseaux de responsabilité sociale et les relations de travail dans l'industrie de la banane de la région colombienne d'Urabá", in Les syndicats face aux défis de la mondialisation : une étude de Réseau international de recherches syndicales, ed. Verena Schmidt, (pp. 141-154). Genève, Switzerland: Bureau international du travail ; Réseau international de recherches syndicales, 2011 (with Maria Alejandra Gonzalez-Perez).
• "Social Structures of Accumulation: A 'Punctuated' View of Embeddedness", in In Social Provisioning, Embeddedness, and Modeling the Economy: Studies in Economic Reform and Social Justice. Ed. Fred S. Lee. Wiley-Blackwell, 2011.
• "Introduction", in Understanding Contemporary Capitalism: Social Structure of Accumulation Theory for the Twenty-First Century. Ed. Terrence McDonough, David M. Kotz and Michael Reich. Cambridge: Cambridge University Press, 2010, with Michael Reich and David Kotz.
• "The State of the Art of Social Structure of Accumulation Theory", in Understanding Contemporary Capitalism: Social Structure of Accumulation Theory for the Twenty-First Century. Ed. Terrence McDonough, David M. Kotz and Michael Reich. Cambridge: Cambridge University Press, 2010.
• "Global Neoliberalism and the Contemporary Social Structure of Accumulation", in Understanding Contemporary Capitalism: Social Structure of Accumulation Theory for the Twenty-First Century. Ed. Terrence McDonough, David M. Kotz and Michael Reich. Cambridge: Cambridge University Press, 2010, with David Kotz.
• "Capital and Emerging 'State-like' Structures in the Global Social Structure of Accumulation", in Understanding Contemporary Capitalism: Social Structure of Accumulation Theory for the Twenty-First Century. Ed. Terrence McDonough, David M. Kotz and Michael Reich. Cambridge: Cambridge University Press, 2010, with Emlyn Nardone.
• "The American Regulation School? The Current Stat of Social Structure of Accumulation Theory and the Challenge of Globalization", in Le Transformations Du Capitalism Contemporain, ed. Gilles Rasselet. Paris: L'Harmattan, 2007 with Emlyn Nardone.
• "The Development of Sustainable Cropping Systems on Red Soils in the Highlands of South China", in The Red Soils of China: Their Nature, Management, and Utilization, eds. M.J. Wilson, Zhenli He and Xiaoe Yang. Springer, 2004.
• "Lenin, Imperialism, and Stages of Capitalist Development", in Imperialism: Theoretical Directions (Key Concepts in Critical Theory), ed. Ronald H. Chilcote. Amherst, New York: Humanity Press, 2000.
• "International Trade and European Integration", in Core Issues in European Economic Integration. Dublin: Oak Tree Press, 1999, with David Jacobson.
• "Corporate Social Structure of Accumulation", "Slavery", "Williams-Rodney Thesis", in Encyclopedia of Political Economy, London: Routledge and Kegan Paul, 1999.
• "Introduction", in Social Structures of Accumulation: The Political Economy of Growth and Crisis, ed. with David Kotz and Michael Reich. Cambridge University Press 1994.
• "Social Structures of Accumulation, Contingent History, and Stages of Capitalism", in Social Structures of Accumulation: The Political Economy of Growth and Crisis, ed. with David Kotz and Michael Reich. Cambridge University Press 1994.
• "The Construction of Social Structures of Accumulation in American History", in Social Structures of Accumulation: The Political Economy of Growth and Crisis, ed. with David Kotz and Michael Reich. Cambridge University Press, 1994.
• "Afterword", in Social Structures of Accumulation: The Political Economy of Growth and Crisis, ed. with David Kotz and Michael Reich. Cambridge University Press, 1994.

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Recent Conference Presentations

• "Ireland and Spain as social structures of accumulation in the context of global neoliberalism and its crisis", Global Capitalism and its National Varieties in an Era of Crisis, London, December, 2019, with Pedro Rey Araujo.
• "Post-Mao China and Social Structures of Accumulation", AFEP-IIPPE Conference, Lille, July 2019.
• "Marxism, Crypto-Marxism and the Political Economy of Capitalism", Marx-XXI, 200 years after the birth of Karl Marx, Moscow, May 2018 with Cian McMahon.
• "Western Marxism, Hidden Marxism and Modern Political Economy", World Congress on Marxism, Beijing, May 2018 with Cian McMahon.
• "Trump and Social Structures of Accumulation", Association for Heterodox Economics Conference, 2017, Manchester, July 2017.
• "Post-Mao China and Social Structures of Accumulation", Allied Social Sciences Association Conference, 2017, Chicago, January 2017.
• "One Approach to Pluralism and Heterodoxy", International Association for Pluralism in Economics Conference, 2017, Chicago, January 2017.
• "Social Structures of Accumulation in Post-Mao China", Association for Heterodox Economics Conference, Glasgow, July 2016.
• "Capitalist Stages and the Irish Economic Crisis", World Congress on Marxism, Beijing, October 2015.
• "Capital and Labour in the 21st Century: SSA theory and the surplus approach", Colloque International, Recherche and Regulation, Paris, June 2015.
• "Irish Lessons for Chinese SOEs", 2014 Forum on China's State-Owned Enterprise Development, sponsored by the China Center for Public Sector Economy Research, Beijing, December 2014.
• "The Current Crisis, Varieties of Capitalism, and Capitalist Stages", The Fifth Annual Conference in Political Economy, Naples, September 2014.
• "Social structures of accumulation: a Marxian institutionalism?", Institutions that Change the World. Inaugural World Interdisciplinary Network for Institutional Research Conference, Greenwich, September 2014.
• "Capitalist Variation, Stages of Capitalism and the Celtic Tiger", The Triple Crisis. Finance, Development and Environment, 16th Conference of the Association for Heterodox Economics, Greenwich, July 2014.
• "Natural Disasters as Social Collapse: The Case of the Irish Famine", Understanding Ireland's Great Famine: New Perspectives, Ballinasloe, June 2014.
• "The Celtic Tiger in the Global Neoliberal Social Structure of Accumulation", The Ninth Forum of the World Association for Political Economy (WAPE), Vietnam Academy of Social Sciences (VASS), Hanoi, May 2014.
• "The Environment and Other Issues in SSA Theory", The 7th Modern Political Economics Seminar on Mathematical analysis, Shanghai, November, 2013.
• "Ireland: Are Some PIGS More Equal than Others?", The Eurozone Crisis, Greece, and the Experience of Austerity, a Conference of the Levy Economics Institute of Bard College, Athens, November, 2014.
• "Employment Policy in a Sustainable Economy", Inaugural NERI Labour Market Conference, Dublin, May, 2013 (with Cian McMahon).
• "Recovering the Famine as Watershed: Marxist Perspectives", Global Legacies of the Great Irish Famine: Transnational and Interdisciplinary Perspectives, Nijmegen, March, 2013 (with Eamonn Slater).
• "The Irish Crash in Global Context", The Seventh Forum of the World Association for Political Economy, Mexico City, May, 2012.
• "Irish Crisis and Reboot", Crisis, Austerity & Resistance, Limerick, April, 2012
• "Spatially Restructuring Work: The Cross-Border Case of Automotive Manufacturing in Mexico and the US", 30th International Labour Process Conference, Stockholm, March, 2012 (with Fidelma Murphy).
• "Social Structures of Accumulation and Capitalist Variation", Comparison, Analysis, Critique - Perspectives on the Diversity of Contemporary Capitalism(s), Frankfurt, February, 2012.
• "Local Economic Crises in Global Context: An Irish Case Study", European Sociological Association 10th Conference Geneva Conference, Geneva, September, 2011.
• "The Irish Experience, 'The Developmental State' Thematic Conference", Dublin, July, 2011.
• "Social Partnerships and the Irish Crisis", Association for Heterodox Economics Conference, Nottingham, July, 2011 (with Tony Dundon).
• "The Spatial Restructuring of Work and the Maquiladoras of the Auto Industry", Association for Heterodox Economics Conference, Nottingham, July, 2011 (with Fidelma Murphy).
• "Thatcherism Delayed: The Irish Crisis and the Paradox of Social Partnership", The Sixth Forum of the World Association of Political Economy, Amherst, MA, May, 2011 (with Tony Dundon).
• "The Celtic Tiger and its Crisis: A Social Structure of Accumulation Analysis", Marxist Perspectives on Irish Society, University of Limerick, October, 2010.
• "Karl Marx and Stephen Jay Gould: Institutions and punctuated equilibrium", American Journal of Economics and Sociology Conference on Social Provisioning, Embeddedness and Modeling the Economy, Kansas City, October, 2010.
• "Marx and Long Wave Theory", IIPPE and Greek Scientific Association for Political Economy, Rythmno, Crete, September, 2010
• "The Irish Economic Crisis in Global Context", 12th Annual Conference of the Association for Heterodox Economics, Bordeaux, France, July, 2010.
• "The Irish Crisis in Global Context", The 5th Forum of the World Association for Political Economy, Suzhou, China, May, 2010.
• "The Crisis and Capital Accumulation: Is the Role of the State Changing?" Left Forum, New York City, March, 2010.
• "Epistemological problems and ontological solutions: Bhaskar's renewal of Marxist philosophy of science", Association for Heterodox Economics 11th Annual Conference, London, July, 2009. (with Brian O'Boyle).
• "Transnational 'state-like' structures and the social structure of accumulation", The 4th Forum of the World Association for Political Economy, Paris, France, March, 2009. (with Emlyn Nardone).
• "Pursuing Pluralism within the Structure of the Orthodox Intro Course", Pluralism in economics: rethinking the teaching of economics, Association for Heterodox Economics and International Review of Economics Education, 18th October, 2008, City University, London.
• "Post-post-structuralism and the revival of Structural Marxism", 1968, Impact and Implications, British Sociological Association Theory Study Group Conference in collaboration with Birkbeck Institute for Social Research, 3-4th July, 2008, Birkbeck, University of London (with Brian O'Boyle).
• "A New Stage of Capitalism: Globalization in Theoretical and Historical Context", MatchPoints: The Knowledge-Based Economy, Identities and the Transforming State, Aarhus, Denmark, November, 2007
• "Emerging Global 'state-like' Structures and the Possibility of a Transnational SSA", The 2nd Forum of the World Association for Political Economy, Hamada City, Japan, October, 2007 (with Emlyn Nardone).
• "Critical Realism, Marxism and the Critique of Neoclassical Economics", Economic Pluralism for the 21st Century, International Confederation of Associations for Pluralism in Economics, 2nd international conference, Salt Lake City, June, 2007 (with Brian O'Boyle).
• "The Marxian Theory of Capitalist Stages". The 1st Forum of the World Political Economics Society, Shanghai, April, 2006.
• "Regimes, Structures, Waves and Stages". European Association for Evolutionary Political Economy, Economics, History and Development, Bremen, November, 2005.
• "Placing Ireland in socially responsible networks of global banana production?" Conference of Irish Geographers, Galway, Ireland. May 2005 (with Maria Alexandra Gonzalez-Perez).
• "Social Structures of Accumulation: The Last Ten Years", ASSA meetings, Philadelphia, January, 2005.
• "Social Structures of Accumulation: The Last Ten Years", European Association for Evolutionary Political Economy, 2004, Economics, History and Development, Crete, October, 2004.
• "The American Regulation School? The Current State of Social Structure of Accumulation Theory and the Challenge of Globalization", Les transformations du capitalisme contemporain: faits et theories, Reims, April, 2004.
• "Teaching Heterodox Economics in the Neoclassical Micro Course", 100 Years of Cambridge Economics, Cambridge, Sepember, 2003.
• "Global Neoliberalism: The Latest Stage of Capitalism", 100 Years of Cambridge Economics, Cambridge, September, 2003.
• "Teaching Heterodox Economics in the Orthodox Micro Course: A Sneaky Approach", ICAPE World Conference, Kansas City, June, 2003.
• "Long Wave Theory and the Debate on Globalization", The Work of Karl Marx and Challenges for the 21st Century, Havana, May, 2003.
• "What Does Long Wave Theory Have to Contribute to the Globalization Debate?" ASSA meetings, Washington D.C., January, 2003.
• "What Does Long Wave Theory Have to Contribute to the Globalization Debate?" The 5th Annual Conference of the Association for Heterodox Economics, Dublin, July, 2002.

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Grant Income

• Understanding Globalization from the Perspective of Long-Wave Theory IRCHSS 159,899.05

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Conferences Organized

• Growth and Crisis: Social Structure of Accumulation Theory and Analysis, November, 2007.
• Irish Economic Association Conference. April, 2001.
• Third Galway Conference on Colonialism, June, 1999.
• 1st, 2nd, 3rd, 4th, 5th, 6th, and 7th annual Graduate Conferences in Marxist Studies, SUNY at Buffalo, Spring 1986-1992.
• Socialist Scholars Conference, New York, NY, April 1986.

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Other Professional Activity

• Essential Economics for Trade Unionists. Proposed reformulation of the SIPTU College Economics curriculum August 2019. Castlebar, Co Mayo.
• Pilot classes for Tutors. SIPTU, February 2020 Kilkenny.
• Nevin Economic Research Institute (Dublin), Peer Review Panel.
• Editor, International Journal of Pluralism in Economics Education.
• Editor, World Review of Political Economy.
• Fellow and Council Member, World Association of Political Economy. (2006-2016)
• Participant, EU Economic Governance and the Charter of Fundamental Rights, Centre for Housing Law, Rights and Policy, funded by the Open Society Foundation (2118-2019).
• Participant, Framing Financial Crisis, Northwest and Southeast Europe, funded by the Leverhulme Trust (2014-2016).
• Review of Radical Political Economics. Editor (1990-1993; 1998-2008).

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Community Service

• Chair, Galway City Local Community Development Committee
• Galway Local Economic and Community Plan Steering Committee
• Galway City Community Network Secretariat
• National Committee for PPNs
• Environment Representative, Galway City Development Commission (2013 - 2015)
• Member, Moycullen Community Development Association
• National Coordinator and Chair of the National Executive Committee, Irish Green Party / Comhaontas Glas (June, 2003 – December, 2004)

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